- Can I sell my house by myself?
- Can I sell my property while it is currently leased?
- How long should it take to sell my house?
- What is an exclusive listing?
- What is an open listing?
- What is the agent’s role at an open house?
- Why is it important to declutter?
- Why should I be out during an open house?
Can I sell my house by myself?
You can choose to sell the property without engaging a real estate agent. However, it makes sense to appoint an expert in their field, especially when it comes to wanting the best possible outcome when selling your property.
An experienced agent will bring their expertise in not only the marketing of your property, but also in negotiating and ultimately selling it. You’ll find that most buyers prefer not to deal with the owner of a property directly and if they do, they will expect to see a price reduction, knowing that you are not paying for an agent.^ back to top
Can I sell my property while it is currently leased?
Yes, you can. There are, however, protocols to follow in these circumstances.
Any potential purchasers must be told there is a current lease on the property. This can, in some instances actually be appealing to potential investors, knowing they have a solid lease in place.
The tenant has the right to occupy the premises until the end of the lease term, unless both parties are able to come to an agreement to terminate early.
The tenant also needs to be advised of every inspection with 24 hours written notice.^ back to top
How long should it take to sell my house?
Once your home is placed on the market, the length of time to sell your property depends on a number of factors. Price, location, demand, current financial affairs nationally and locally to name a few. A good agent will assess these circumstances and give you an informed estimate tailored to each individual property. A good indication is knowing the approximate number of days of properties similar to yours have taken to sell.^ back to top
What is an exclusive listing?
An exclusive agency agreement means you only give one agent the rights to list and sell your property. If the property is sold during the fixed term agreement, the agent is still entitled to a commission, even if you or another agent is responsible for the sale.
It is common practice to sign an exclusive agency agreement, ensuring a more personalised service and dedication from the agent.^ back to top
What is an open listing?
An open listing is when you engage a number of agents to list your property for sale in an attempt to find you a suitable buyer.
You only pay commission to the successful agent upon completion of the contract.
The advantages of this method is your property may be advertised over a broader range of potential buyers, however the disadvantages of this option is you may not receive the same level of individual attention, should you choose to list with just one dedicated agent.^ back to top
What is the agent’s role at an open house?
Opening a property for inspection at a specified time gives the agent the opportunity to listen closely and observe the potential buyers giving them a chance to determine if the purchasers are likely to proceed or not.
It also allows buyers to inspect the property at their own leisure, without pressure to talk about it. A good agent will be sensitive as to how the people are engaging, enabling them to create conversation at appropriate moments.^ back to top
Why is it important to declutter?
First impressions count. By decluttering, it not only creates more space, making the home appear larger and lighter it also allows the buyer to imagine their own belongings in the property, giving them a sense of belonging.^ back to top
Why should I be out during an open house?
It is important for potential buyers to picture themselves at home. This would be made difficult if the owner was to be in attendance as people may feel as though they are intruding. It also gives them freedom to chat amongst themselves while onsite.^ back to top